Verifone Systems (PAY) Earning Somewhat Favorable Media Coverage, Report Finds

Headlines about Verifone Systems (NYSE:PAY) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Verifone Systems earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 46.2072770718827 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the headlines that may have effected Accern’s scoring:

A number of analysts have recently weighed in on PAY shares. Piper Jaffray Companies restated a “hold” rating and issued a $20.00 target price on shares of Verifone Systems in a research note on Friday, September 8th. Zacks Investment Research lowered Verifone Systems from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. Barclays restated a “hold” rating and issued a $22.00 target price on shares of Verifone Systems in a research note on Friday, September 29th. BidaskClub lowered Verifone Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Finally, BTIG Research reiterated a “hold” rating on shares of Verifone Systems in a research report on Monday, September 11th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $19.61.

Shares of Verifone Systems (PAY) opened at $17.52 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.32 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $1,980.00, a PE ratio of 21.60, a P/E/G ratio of 1.30 and a beta of 1.96. Verifone Systems has a 12-month low of $16.03 and a 12-month high of $21.48.

Verifone Systems (NYSE:PAY) last announced its quarterly earnings data on Thursday, September 7th. The business services provider reported $0.36 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.36. The firm had revenue of $466.90 million during the quarter, compared to analyst estimates of $464.13 million. Verifone Systems had a positive return on equity of 11.19% and a negative net margin of 9.76%. The company’s revenue was down 5.2% on a year-over-year basis. During the same period last year, the company earned $0.42 earnings per share. analysts anticipate that Verifone Systems will post 0.99 EPS for the current year.

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About Verifone Systems

VeriFone Systems, Inc offers payments and commerce solutions. The Company is engaged in designing, manufacturing, marketing and supplying a range of payment solutions and complementary services. It provides solutions and services for the retail point-of-sale (POS) that enable various forms of commerce.

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